11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
The market was fairly quiet today, but a good amount of YG traded out of the IL market. Ten trucks traded at $0.2350 along with three at $0.2250.
CWG trading was done as high as $0.2600 FOB Mo. River, eight trucks in the 30 day position, with sources reporting strong demand from the biodiesel sector.
DCO prices continue to rise with $0.2700 – 0.2800 reported throughout the IL and Mo. River markets. Trading in the 60 day position was done as high as…